Britain's third female prime Minister, Liz Truss, was out of office on Thursday after the shortest tenure at 10 Downing Street in London and without a cherished India-UK free trade agreement (FTA) under her belt as a Brexit prize.
The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up
'The low tax to GDP ratio of the country will go up, helping the government to adhere to fiscal discipline and keep inflation in check.'
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
Lack of visibility on rates makes companies apprehensive.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
Sector analysts opined that the northern, central and eastern markets were particularly hit
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
Captain Pradeep Shoury Arya is an Income-Tax officer whose mission against terrorists in J&K won him the Shaurya Chakra.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
'If we are to be a contributor to the economy, we have to reduce carbon and imports.' 'We will achieve both -- that's our target.'
India is home to almost 1.3 billion people.
Simpler GST structure will be key poll plank, Congress sources tell Archis Mohan.
The deposit has been made on account of the rate reductions approved by the GST Council in its November. The rate was reduced on items including shampoo, detergents, chocolates, beauty products, sanitary ware, leather clothing, cookers, stoves, after-shave, deodorant, detergent and washing power. Companies found it difficult to pass on the benefits to consumers immediately at the time of GST rate reduction owing to logistical issues.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
In many ways, the 68th Republic Day parade was unique.
20 Indian CEOs and 350 companies are participating in the Hannover Fair.
Moti has been described in UK court proceedings as a "senior member" and "top lieutenant" of D Company.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
Indian economy about to take-off
Barely 10% of small businesses are in a GST-ready position, say experts
This meeting has led to the deferment of the Goods and Services Tax (GST) Council meeting by a day.
For the past five months, ever since he was appointed the Ayushman CEO, Indu Bhushan, a former bureaucrat, has made Nirman Bhawan his second home, working nine to nine with his "dedicated team" on the Modi government's biggest initiative after the Goods and Services Tax, says Nivedita Mookerji.
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now.
Ironically, West Bengal, which has been seeking a postponement of the GST roll-out, has fared better among most other states.
Mittal said he discussed a plethora of issues with Commerce and Industry Minister Piyush Goyal and sought the government's support for faster clearances to streamline the group's investment plans.
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
Businesses need to get on board in 15 days, ahead of indirect tax roll-out
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
